Applicable Federal Rates for July 2010

The following are the various prescribed rates for federal income tax purposes for July 2010 as set forth in Revenue Ruling 2010-18.

 

Annual

Semiannual

Quarterly

Monthly

Short-Term

 

 

 

 

AFR

.61%

.61%

.61%

.61%

110% AFR

.67%

.67%

.67%

.67%

120% AFR

.73%

.73%

.73%

.73%

130% AFR

.79%

.79%

.79%

.79%

 

 

 

 

 

Mid-Term

 

 

 

 

AFR

2.35%

2.34%

2.33%

2.33%

110% AFR

2.59%

2.57%

2.56%

2.56%

120% AFR

2.83%

2.81%

2.80%

2.79%

130% AFR

3.06%

3.04%

3.03%

3.02%

150% AFR

3.54%

3.51%

3.49%

3.48%

175% AFR

4.14%

4.10%

4.08%

4.07%

 

 

 

 

 

Long-Term

 

 

 

 

AFR

3.94%

3.90%

3.88%

3.87%

110% AFR

4.34%

4.29%

4.27%

4.25%

120% AFR

4.73%

4.68%

4.65%

4.64%

130% AFR

5.13%

5.07%

5.04%

5.02%

The following table applies for purposes of determining the original issue discount on tax-exempt obligations under IRC § 1288(b):

 

Annual

Semiannual

Quarterly

Monthly

Short-term adjusted AFR

.63%

.63%

.63%

.63%

 

 

 

 

 

Mid-term adjusted AFR

1.97%

1.96%

1.96%

1.95%

 

 

 

 

 

Long-term adjusted AFR

3.99%

3.95%

3.93%

3.92%

The adjusted long-term exempt rate under IRC § 382 is 3.99% and the rate for ownership changes during the current month is 4.01%.

For purposes of the low-income housing credit the 70% present value credit percentage is 7.73%, and the 30% present value credit percentage is 3.31%. Note that under IRC § 42(b)(2) the applicable percentage for non-federally subsidized housing new buildings placed in service after December 31, 2008 and before December 31, 2013, is not to be less than 9%.

The applicable federal rate for determining the present value of an annuity, an interest for life or a term for years, or a remainder or reversionary interest (under IRC § 7520) is 2.8%.

The blended annual rate under IRC § 7872(e)(2) is 0.59%

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